As real estate professionals, it’s our job to understand the numbers. As the new year kicks off, we are committed to keeping you up-to-date on important trends in our market. Each month in our Market Update, we’ll take a deeper dive into select reports to show how these numbers affect you and your loved ones.

Data provided by Sierra Nevada REALTORS®.

Let’s examine the most recent housing data from Sierra Nevada REALTORS® from two perspectives that provides insight into both long-term and short-term trends:

Median Sales Price continues to increase, coming in at $599,500 in December, up 7.1% year-over-year and 3.0% month-over-month. Median Sales Price Per Square Foot was up 7.5% from a year ago and stable from November 2024. Additionally, sellers received 98.2% of their list price (List Price Received) in December, which is stable from the same period last year and the prior month.

Interestingly, Median Days To Contract (48) was up significantly over both time periods, 24.7% from 2023 and a whopping 60.0% from the previous month. However, Months Supply Of Inventory continued to fall, coming in at 2.2 months, which is 4.1% less than December 2023 and 23.1% less than November 2024, indicative of a market that continues to suffer from a home inventory crisis.

New Listings came in at 223, up 10.4% from December 2023 but down significantly (35.5%) from November 2024. Active Inventory followed the same pattern, coming in at 750, which is up 21.8% from the same period the prior year and down 20.1% from the previous month.

Prices continue to make gains, as demand far outweighs supply in our area–and this is not expected to change, which is good news for homeowners. Equity is on the rise, and this puts sellers looking to move in an advantageous position. If your home is priced right and presented properly with the right amount of preparation, your home will sell. And although December’s numbers resembled busier months, the true “budding” season of real estate (spring) isn’t far off. If you are entertaining the idea of putting your home on the market, let’s sit down soon to talk through your needs, goals, and vision. With some preparation, the process will come together smoothly. 
 

While the Federal Funds Rate has decreased recently, it’s important to remember that mortgage interest rates are only indirectly affected by the Fed Funds Rate. Instead, mortgage rates have remained relatively unchanged. We talk about this often, but it’s important to remember that mortgage rates aren’t the only consideration when you’re looking to purchase a property. It’s important to address the potential equity gains in your calculus, as delaying homeownership could set you back from the significant benefits of accumulated equity that we continue to see in our high-demand, low-supply real estate market.
 

Whether you’re a Home Seller or Buyer, we’re here to help, and we always want to share the wisdom we’ve gained over decades of successfully selling real estate. If you’re ready to get started, or if you simply want to start the conversation about what’s possible, reach out to us today—we would love to be your guide.

Both Home Sellers and Home Buyers can win in this market, and we are in the business of making that happen for our clients. We have a deep understanding of the local market and a knack for obtaining favorable terms for our clients. Contact us today.